What are the standard Tax Deductions?

I get this question asked frequently, to claim the standard tax deductions for different expense types.

In short, there are no automatic or standard tax deductions allowed, and the article below provides an excellent breakdown of deductions that can be claimed as long as they are applicable to the income you have generated during the year.

To avoid errors which can lead to fines and audits from the Australia Taxation Office, consider engaging the services of a tax professional to complete your tax returns.  A small cost could save you penalties / fines and also be subject to an audit by the Australia Taxation Office (remember also, the tax fee paid to the tax agent is tax deductible in the following year).